Other casino operators could take hits from a possible increase. Marc Falcone, an analyst at Deutsche Bank, estimates that Boyd Gaming's (BYD - Get Report) annual EPS could decline by 8 cents to 12 cents, while Isle of Capri Casinos' (ISLE - Get Report) could suffer by 25 cents to 30 cents and Penn National's by 3 cents to 7 cents. (Deutsche Bank does and seeks to do business with companies covered in its research reports.)Still, analysts are quick to point out that the Louisiana tax hike is only a possibility. The governor's adviser, Commissioner of Administration Jerry Luke LeBlanc, reportedly cautioned that no decision has been made and the 32.5% rate is merely for initial discussion.
States Weigh Gaming Tax Hikes
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.